Which of the following takes place when a company sets its standards by comparing data from other companies and similar industries to its own?Choose one answer.a. Balancing b. Benchmarking c. Standard deviation d. Performance appraisal

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Which of the following takes place when a company sets its standards by comparing data from other companies and similar industries to its own?Choose one answer.a. Balancing b. Benchmarking c. Standard deviation d. Performance appraisal

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